Scorpio Bulkers Announces Sale of 5 Vessels for $167 Million

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Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced that it has entered into agreements with unaffiliated third parties to sell three Capesize dry bulk vessels and two newbuilding Capesize dry bulk vessels under construction for approximately $167 million.

Three of the Capesize vessels were constructed in Korea and delivered to the Company in 2015. The remaining two vessels are currently under construction in Korea and are expected to be delivered in the first quarter of 2016.

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